More Australian financiers plump for global exposure
Financial services exports may be one bright spot for the sector, with the value of these services 28 per cent higher over the year to June 2015 compared with a year earlier.In a routine report that adds perspective to the domestic view of the markets shock imposed by last week's "leave" vote in the UK Brexit referendum, the Australian Bureau of Statistics yesterday estimated the value of financial services exports at A$3.5 billion, up from $2.8 million in 2014.This category of exports represented 5.6 per cent of all service exports last year, up from 4.9 per cent in 2014.The ABS identified many more financial services firms having a shot at selling abroad, counting 171 in 2015 up from 92 in 2014.